Canaccord Genuity Group Issues Pessimistic Forecast for Michelmersh Brick (LON:MBH) Stock Price

Michelmersh Brick (LON:MBH) had its price objective reduced by equities researchers at Canaccord Genuity Group from GBX 170 ($2.20) to GBX 160 ($2.07) in a report issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 64.61% from the company’s current price.

Michelmersh Brick Stock Down 4.2 %

Shares of LON MBH opened at GBX 97.20 ($1.26) on Tuesday. The firm’s 50-day moving average is GBX 105.60 and its two-hundred day moving average is GBX 102.55. The company has a market capitalization of £89.39 million, a PE ratio of 11.05 and a beta of 1.01. Michelmersh Brick has a 12-month low of GBX 92 ($1.19) and a 12-month high of GBX 111.65 ($1.44). The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56.

Michelmersh Brick (LON:MBH) last posted its earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) earnings per share (EPS) for the quarter. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%. Equities analysts anticipate that Michelmersh Brick will post 10.3053435 EPS for the current fiscal year.

Michelmersh Brick Company Profile

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997 the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 120 million clay bricks and pavers per annum.